On March 24, 2021, Kenneth C. Lundeen, a member of the Board of Directors of Howard Bancorp, notified the company that he will not stand for reelection at the Company’s 2021 annual meeting of stockholders, scheduled to be held on May 26, 2021, and will retire from the Board at the Annual Meeting. As a result, the Board will reduce the size of the Board to thirteen members effective upon Mr. Lundeen’s retirement. Mr. Lundeen’s decision to retire is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.